Charles Monat to snap up Willis Towers’ wealth solutions business

Hong Kong-based life insurance solutions adviser Charles Monat Associates will acquire global wealth solutions unit of Willis Towers Watson.

Charles Monat to snap up Willis Towers’ wealth solutions business

Charles Monat Associates (CMA), a Hong Kong-based life insurance solutions adviser to HNW clients, has agreed to wholly acquire global wealth solutions business of UK-based Willis Towers Watson.

Willis Towers Watson, founded in 1828, is an advisory and brokerage firm with nearly 40,000 employees, which serves more than 140 countries.

Following the acquisition, CMA will have more than 130 employees globally with offices in Hong Kong, Singapore, Miami, Zurich and Liechtenstein. The company will also have an arrangement with the brokerage firm for ongoing access to, and sales of, services and insurance products worldwide.

Financial terms of the deal were not disclosed.